Posted: 20 Aug 2024 Resource Type: Research Report Download Back Good regulation is vital to a stable and sound financial services sector. It must serve the interests of both consumers and investors alike. Good regulation is an enabler of the wider financial system, providing trust and confidence for everyone’s benefit. In today’s world, regulatory measures are deeply integrated into the life cycle of all financial institutions, be it in insurance, banking, or asset management. The UK has long been recognised as a global thought leader in financial regulation, so it is no surprise that both the Financial Conduct Authority and the Bank of England have been proactive in their approach to technological innovation. In this report, we showcase the benefits of RegTech by presenting successful examples of RegTech implementation which have helped UK firms to cut compliance costs, be more efficient, and save time and resources. This report is intended to foster collaboration, build sustainable growth in the RegTech industry, and in particular, motivate UK organisations to use, invest, and embrace the value that RegTech can bring. We believe that RegTech's adoption can enhance the competitiveness of the UK financial services sector and make it a safer and stronger place to do business. "A financial services sector that is robustly compliant can only be good for the economic development of the UK.” Dr Sian Lewin With thanks to members of the RegTech Platform Strategy Group who provided commentary on the UK RegTech landscape in 2024. Read now at Finextra Policy Chairman Chris Hayward writes for Finextra on how London remains the heart of global RegTech Policy Chairman Chris Hayward writes for Finextra on how London remains the heart of global RegTech Download the report RegTech test | Identifying the policy impact on compliance technology RegTech test | Identifying the policy impact on compliance technology Download the report 2021: A critical year for RegTech 2021: A critical year for RegTech Discover Vision for Economic Growtha roadmap to prosperity Vision for Economic Growtha roadmap to prosperity Share: Share to LinkedIn LinkedIn Share to X Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Thought Piece Capital Markets Union 3.0? Feb 2025 - The latest in our series from Brussels looks at 10 years of Capital Markets Union, and what to expect in the future. Capital Markets Union 3.0? Thought Piece Scaling digital verification solutions Feb 2025 - In an era where digital interactions and transactions have become the norm, the necessity for robust digital verification (solutions has never been more critical. Scaling digital verification solutions Research Report Our global offer to business: London and the UK’s competitive strengths supporting investment and growth Feb 2025 - The 5th edition of our annual report benchmarking the UK’s global competitive position relative to other centres. Our global offer to business: London and the UK’s competitive strengths supporting investment and growth Thought Piece The UK: leading the way in impact investing Jan 2025 - Amid challenges from climate change to social inequality, the UK has emerged as a global leader in impact investing, transforming how capital is used to create a fairer, greener future. The UK: leading the way in impact investing